NEW YORK ( TheStreet) -- AuRico Gold (NYSE: AUQ) is trading at unusually high volume Friday with 9.8 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 23 cents (+2.9%) at $8.16 as of 4 p.m. ET. AuRico has a market cap of $2.31 billion and is part of the basic materials sector and metals & mining industry. Shares are down 3.2% year to date as of the close of trading on Thursday. AuRico Gold Inc. engages in the exploration, development, and production of gold and silver mines and projects in Mexico. The company was formerly known as Gammon Gold, Inc. and changed its name to AuRico Gold Inc. in June, 2011. The company has a P/E ratio of 11.2, above the average metals & mining industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates AuRico as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full AuRico Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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